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The amount of pension is 50% of the emoluments or average emoluments whichever is beneficial. Minimum pension presently is Rs. 9000 per month. Maximum limit on pension is 50% of the highest pay in the Government of India (presently Rs. 1,25,000) per month. Pension is payable up to and including the date of death.

25 or more years of service may retire at any time with no reduction in benefits. Age 60 or older, with at least 60 months of service credit may retire at any time with no reduction in benefits.

Members: by phone at 502-696-8800 or 1-800-928-4646 or by email at kppa.mail@kyret.ky.gov. Employers: 888-696-8810 or visit the Employer Contacts page. Vendors: support@kyret.ky.gov.

The amount of pension is 50% of the emoluments or average emoluments whichever is beneficial. Minimum pension presently is Rs. 9000 per month. Maximum limit on pension is 50% of the highest pay in the Government of India (presently Rs. 1,25,000) per month. Pension is payable up to and including the date of death.

$5,000 Death Benefit A retired member's beneficiary may be eligible for a death benefit. If a retired member is receiving a monthly benefit based on at least 48 months of service credit, KPPA will pay a $5,000 death benefit payment to the beneficiary designated by the member specifically for this benefit.

25 or more years of service may retire at any time with no reduction in benefits. Age 60 or older, with at least 60 months of service credit may retire at any time with no reduction in benefits.

Can I borrow money from my account with KPPA? No. There are no provisions in State statutes or regulations that allow KPPA to administer loans from member accounts.

Members: by phone at 502-696-8800 or 1-800-928-4646 or by email at kppa.mail@kyret.ky.gov. Employers: 888-696-8810 or visit the Employer Contacts page. Vendors: support@kyret.ky.gov.

A Tier One member's Final Compensation, or Salary Average, is determined by dividing the total salary earned (5-High or 3-High) by the total months worked, then multiplying by twelve (12). Nonhazardous retirement benefits are based upon a 5-High Final Compensation.

$5,000 Death Benefit A retired member's beneficiary may be eligible for a death benefit. If a retired member is receiving a monthly benefit based on at least 48 months of service credit, KPPA will pay a $5,000 death benefit payment to the beneficiary designated by the member specifically for this benefit.

The IRS maximum for 2023 is $330,000, up from $305,000 in 2022. The maximum lump-sum death benefit basis is $110,000.

Can I borrow money from my account with KPPA? No. There are no provisions in State statutes or regulations that allow KPPA to administer loans from member accounts.

If you are interested in taking a refund you should contact KPPA for more information, or to obtain a Form 4525, Application for Refund of Member Contributions. You may also call us at 502-696-8800 or Toll-Free at 800-928-4646, or complete the request below to obtain a form via mail.

A Tier One member's Final Compensation, or Salary Average, is determined by dividing the total salary earned (5-High or 3-High) by the total months worked, then multiplying by twelve (12). Nonhazardous retirement benefits are based upon a 5-High Final Compensation.

Kentucky Pension Facts: The average pension benefit in Kentucky is $1,727, ing to the National Institute on Retirement Security. Pensions support local economies and help Kentucky communities thrive. Each $1 paid out in pension benefits supports $1.43 in total economic activity in Kentucky.

The IRS maximum for 2023 is $330,000, up from $305,000 in 2022. The maximum lump-sum death benefit basis is $110,000.

You can apply for benefits by calling our national toll-free service at 1-800-772-1213 (TTY 1-800-325-0778) or by visiting your local Social Security office. An appointment is not required, but if you call ahead and schedule one, it may reduce the time you spend waiting to apply.

If you are interested in taking a refund you should contact KPPA for more information, or to obtain a Form 4525, Application for Refund of Member Contributions. You may also call us at 502-696-8800 or Toll-Free at 800-928-4646, or complete the request below to obtain a form via mail.

Members can access their retirement accounts online at myretirement.ky.gov or call 1-800-928-4646.

Kentucky Pension Facts: The average pension benefit in Kentucky is $1,727, ing to the National Institute on Retirement Security. Pensions support local economies and help Kentucky communities thrive. Each $1 paid out in pension benefits supports $1.43 in total economic activity in Kentucky.

A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured person or annuitant dies. With life insurance policies, death benefits are not usually subject to income tax and named beneficiaries typically receive the death benefit as a lump-sum payment.

You can apply for benefits by calling our national toll-free service at 1-800-772-1213 (TTY 1-800-325-0778) or by visiting your local Social Security office. An appointment is not required, but if you call ahead and schedule one, it may reduce the time you spend waiting to apply.

Members can access their retirement accounts online at myretirement.ky.gov or call 1-800-928-4646.

A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured person or annuitant dies. With life insurance policies, death benefits are not usually subject to income tax and named beneficiaries typically receive the death benefit as a lump-sum payment.

The amount of pension is 50% of the emoluments or average emoluments whichever is beneficial. Minimum pension presently is Rs. 9000 per month. Maximum limit on pension is 50% of the highest pay in the Government of India (presently Rs. 1,25,000) per month. Pension is payable up to and including the date of death.

25 or more years of service may retire at any time with no reduction in benefits. Age 60 or older, with at least 60 months of service credit may retire at any time with no reduction in benefits.

Members: by phone at 502-696-8800 or 1-800-928-4646 or by email at kppa.mail@kyret.ky.gov. Employers: 888-696-8810 or visit the Employer Contacts page. Vendors: support@kyret.ky.gov.

$5,000 Death Benefit A retired member's beneficiary may be eligible for a death benefit. If a retired member is receiving a monthly benefit based on at least 48 months of service credit, KPPA will pay a $5,000 death benefit payment to the beneficiary designated by the member specifically for this benefit.

Can I borrow money from my account with KPPA? No. There are no provisions in State statutes or regulations that allow KPPA to administer loans from member accounts.

A Tier One member's Final Compensation, or Salary Average, is determined by dividing the total salary earned (5-High or 3-High) by the total months worked, then multiplying by twelve (12). Nonhazardous retirement benefits are based upon a 5-High Final Compensation.

The IRS maximum for 2023 is $330,000, up from $305,000 in 2022. The maximum lump-sum death benefit basis is $110,000.

If you are interested in taking a refund you should contact KPPA for more information, or to obtain a Form 4525, Application for Refund of Member Contributions. You may also call us at 502-696-8800 or Toll-Free at 800-928-4646, or complete the request below to obtain a form via mail.

Kentucky Pension Facts: The average pension benefit in Kentucky is $1,727, ing to the National Institute on Retirement Security. Pensions support local economies and help Kentucky communities thrive. Each $1 paid out in pension benefits supports $1.43 in total economic activity in Kentucky.

You can apply for benefits by calling our national toll-free service at 1-800-772-1213 (TTY 1-800-325-0778) or by visiting your local Social Security office. An appointment is not required, but if you call ahead and schedule one, it may reduce the time you spend waiting to apply.

Members can access their retirement accounts online at myretirement.ky.gov or call 1-800-928-4646.

A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured person or annuitant dies. With life insurance policies, death benefits are not usually subject to income tax and named beneficiaries typically receive the death benefit as a lump-sum payment.